2011 ORS § 79.0326¹
UCC 9-326. Priority of security interests created by new debtor

(1) Subject to subsection (2) of this section, a security interest created by a new debtor which is perfected by a filed financing statement that is effective solely under ORS 79.0508 (UCC 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement) in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral which is perfected other than by a filed financing statement that is effective solely under ORS 79.0508 (UCC 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement).

(2) The other provisions of ORS 79.0301 (UCC 9-301. Law governing perfection and priority of security interests) to 79.0342 (UCC 9-342. Banks right to refuse to enter into or disclose existence of control agreement) determine the priority among conflicting security interests in the same collateral perfected by filed financing statements that are effective solely under ORS 79.0508 (UCC 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement). However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtors having become bound. [2001 c.445 §46]